This property looks like a bad Mid-Term investment with a projected -11.11% first-year return on $133k initial cash invested.
-11.11%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$4,496
Rent
-$1,230
Cashflow
Cash Flow
$4,496 income − $5,726 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,470
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,496
Total Expenses
$5,726
Mortgage P&I
66%
$2,960
Property Taxes
23%
$1,017
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495